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Countries that import commodities priced in U.S. dollars, like oil, are paying a lot more. So are nations that have dollar-denominated loans.
Russia invading Ukraine is a big reason that prices skyrocketed.. But it’s not the whole story.
Russia makes steel the dirty, old-fashioned way. Europe hoped its trade relationship could spur a cleanup.
More than a quarter of the world’s wheat exports come from Ukraine and Russia. Disruptions will affect the Middle East and North Africa most.
Soybean, palm and canola oils are going up, driven by extreme weather and strong demand. You’ll notice it at markets and on menus.
The cost of commodities has gone way up, and spendy raw materials suggest more inflation in 2022.
Coffee commodity prices are hitting their highest levels in years. Will consumers keep paying more?
Individual investors are apparently fueling the increase. It’s a similar strategy to what we’ve seen with GameStop stock.
Staying home is making Americans cook breakfast at home. Demand for eggs and other breakfast staples is pushing prices up for retailers.
Gold hit its highest mark in more than seven years on Monday due to spikes in coronavirus cases outside of China.
